cars unlimited ltd
cars unlimited ltd Company Information
Company Number
09681013
Website
www.carsunlimitedmalta.comRegistered Address
auto prestige house, rosse street, bradford, west yorkshire, BD8 9AS
Industry
Sale of used cars and light motor vehicles
Telephone
01274488500
Next Accounts Due
April 2025
Group Structure
View All
Directors
Arshad Mahmood8 Years
Shareholders
kaiser mahmood 50%
arshad mailviood 50%
cars unlimited ltd Estimated Valuation
Pomanda estimates the enterprise value of CARS UNLIMITED LTD at £875.4k based on a Turnover of £3.7m and 0.24x industry multiple (adjusted for size and gross margin).
cars unlimited ltd Estimated Valuation
Pomanda estimates the enterprise value of CARS UNLIMITED LTD at £1.2m based on an EBITDA of £328.6k and a 3.66x industry multiple (adjusted for size and gross margin).
cars unlimited ltd Estimated Valuation
Pomanda estimates the enterprise value of CARS UNLIMITED LTD at £2.2m based on Net Assets of £835.8k and 2.67x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cars Unlimited Ltd Overview
Cars Unlimited Ltd is a live company located in bradford, BD8 9AS with a Companies House number of 09681013. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in July 2015, it's largest shareholder is kaiser mahmood with a 50% stake. Cars Unlimited Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.7m with healthy growth in recent years.
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Cars Unlimited Ltd Health Check
Pomanda's financial health check has awarded Cars Unlimited Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £3.7m, make it larger than the average company (£2.7m)
- Cars Unlimited Ltd
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.1%)
- Cars Unlimited Ltd
8.1% - Industry AVG
Production
with a gross margin of 11.1%, this company has a comparable cost of product (11.1%)
- Cars Unlimited Ltd
11.1% - Industry AVG
Profitability
an operating margin of 8.9% make it more profitable than the average company (2.8%)
- Cars Unlimited Ltd
2.8% - Industry AVG
Employees
with 10 employees, this is above the industry average (8)
10 - Cars Unlimited Ltd
8 - Industry AVG
Pay Structure
on an average salary of £32k, the company has an equivalent pay structure (£32k)
- Cars Unlimited Ltd
£32k - Industry AVG
Efficiency
resulting in sales per employee of £370k, this is equally as efficient (£434k)
- Cars Unlimited Ltd
£434k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (9 days)
- Cars Unlimited Ltd
9 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (18 days)
- Cars Unlimited Ltd
18 days - Industry AVG
Stock Days
it holds stock equivalent to 151 days, this is more than average (65 days)
- Cars Unlimited Ltd
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (9 weeks)
14 weeks - Cars Unlimited Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.5%, this is a lower level of debt than the average (68.3%)
48.5% - Cars Unlimited Ltd
68.3% - Industry AVG
CARS UNLIMITED LTD financials
Cars Unlimited Ltd's latest turnover from July 2023 is estimated at £3.7 million and the company has net assets of £835.8 thousand. According to their latest financial statements, Cars Unlimited Ltd has 10 employees and maintains cash reserves of £213.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 10 | 9 | 9 | 8 | 6 | 5 | 5 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,212 | 3,064 | 3,605 | 4,242 | 4,990 | 3,071 | 3,612 | 4,250 |
| Intangible Assets | 0 | 0 | 0 | 1,333 | 5,333 | 9,333 | 13,333 | 17,333 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,212 | 3,064 | 3,605 | 5,575 | 10,323 | 12,404 | 16,945 | 21,583 |
| Stock & work in progress | 1,366,228 | 1,124,757 | 855,319 | 706,428 | 877,840 | 782,209 | 712,566 | 828,417 |
| Trade Debtors | 27,790 | 37,128 | 14,390 | 30,738 | 26,888 | 14,390 | 41,880 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,384 | 12,334 | 7,073 | 10,065 | 9,571 | 13,178 | 10,215 | 0 |
| Cash | 213,747 | 342,902 | 279,012 | 388,840 | 160,486 | 285,919 | 246,314 | 170,935 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,614,149 | 1,517,121 | 1,155,794 | 1,136,071 | 1,074,785 | 1,095,696 | 1,010,975 | 999,352 |
| total assets | 1,623,361 | 1,520,185 | 1,159,399 | 1,141,646 | 1,085,108 | 1,108,100 | 1,027,920 | 1,020,935 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 29,820 | 20,987 | 45,334 | 73,573 | 53,628 | 45,111 | 34,695 | 84,615 |
| Group/Directors Accounts | 370,394 | 509,768 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 385,774 | 409,400 | 847,618 | 862,688 | 867,771 | 921,816 | 878,115 | 908,347 |
| total current liabilities | 785,988 | 940,155 | 892,952 | 936,261 | 921,399 | 966,927 | 912,810 | 992,962 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,542 | 329 | 375 | 428 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,542 | 329 | 375 | 428 | 0 | 0 | 0 | 0 |
| total liabilities | 787,530 | 940,484 | 893,327 | 936,689 | 921,399 | 966,927 | 912,810 | 992,962 |
| net assets | 835,831 | 579,701 | 266,072 | 204,957 | 163,709 | 141,173 | 115,110 | 27,973 |
| total shareholders funds | 835,831 | 579,701 | 266,072 | 204,957 | 163,709 | 141,173 | 115,110 | 27,973 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 1,012 | 541 | 637 | 748 | 881 | 541 | 638 | 750 |
| Amortisation | 0 | 0 | 1,333 | 4,000 | 4,000 | 4,000 | 4,000 | 2,667 |
| Tax | ||||||||
| Stock | 241,471 | 269,438 | 148,891 | -171,412 | 95,631 | 69,643 | -115,851 | 828,417 |
| Debtors | -15,288 | 27,999 | -19,340 | 4,344 | 8,891 | -24,527 | 52,095 | 0 |
| Creditors | 8,833 | -24,347 | -28,239 | 19,945 | 8,517 | 10,416 | -49,920 | 84,615 |
| Accruals and Deferred Income | -23,626 | -438,218 | -15,070 | -5,083 | -54,045 | 43,701 | -30,232 | 908,347 |
| Deferred Taxes & Provisions | 1,213 | -46 | -53 | 428 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -139,374 | 509,768 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -129,155 | 63,890 | -109,828 | 228,354 | -125,433 | 39,605 | 75,379 | 170,935 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -129,155 | 63,890 | -109,828 | 228,354 | -125,433 | 39,605 | 75,379 | 170,935 |
cars unlimited ltd Credit Report and Business Information
Cars Unlimited Ltd Competitor Analysis
Perform a competitor analysis for cars unlimited ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cars unlimited ltd Ownership
CARS UNLIMITED LTD group structure
Cars Unlimited Ltd has no subsidiary companies.
Ultimate parent company
CARS UNLIMITED LTD
09681013
cars unlimited ltd directors
Cars Unlimited Ltd currently has 1 director, Mr Arshad Mahmood serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Arshad Mahmood | United Kingdom | 57 years | Jul 2015 | - | Director |
P&L
July 2023turnover
3.7m
+9%
operating profit
327.6k
0%
gross margin
11.1%
-4.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
835.8k
+0.44%
total assets
1.6m
+0.07%
cash
213.7k
-0.38%
net assets
Total assets minus all liabilities
cars unlimited ltd company details
company number
09681013
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
July 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
auto prestige house, rosse street, bradford, west yorkshire, BD8 9AS
last accounts submitted
July 2023
cars unlimited ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to cars unlimited ltd.
cars unlimited ltd Companies House Filings - See Documents
| date | description | view/download |
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